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Ethical Leadership and the Psychology of Decision MakingTopic: Corporate Strategy
Reprint 3721; Winter 1996, Vol. 37, No. 2, pp. 9–22
Executives today face many difficult, potentially explosive situations in which they must make decisions that can help or harm their firms, themselves, and others. How can they improve the ethical quality of their decisions? How can they ensure that their decisions will not backfire? The authors discuss three types of theories — theories about the world, theories about other people, and theories about ourselves — that will help executives understand how they make the judgments on which they base their decisions. By understanding those theories, they can learn how to make better, more ethical decisions. is the Morris and Alice Kaplan Professor of Ethics and Decision in Management. is the J. Jay Gerber Professor of Dispute Resolutions and Organizations at the J. L. Kellogg Graduate School of Management, Northwestern University.
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